Tom Szabo

Eldorado Gold: A Cost-Effective Way to Move into Gold

Those GORO numbers are all internal projections without the benefit of a detailed, independent mine feasibility study and the company could be in serious violation of SEC regulations for disseminating them to the public. That is probably why they won't think about getting listed on an exchange until after they have been in production for a year -- by that time the internal projections will prove to be either farcical or prescient so there will be no consequence in having to withdraw all of the inappropriate management projections.

Eldorado Gold: A Cost-Effective Way to Move into Gold

The production profile is impressive but with a $4 billion market cap (over $6 billion after Sino Gold acquisition), EGO does not offer compelling value among the mid-tier gold producers according to our comparative valuation model. Our database has about 50 mid-tier gold producers (basically all of them) and considers a number of factors including production rate and growth, cash mining cost, resource size, capital costs, etc. Better positioned rivals include Jaguar Mining and Gammon Gold on NYSE plus New Gold and Great Basin Gold on AMEX. Indeed, only Randgold rates lower than EGO on most metrics. There are also quite a few more attractively mid-tier producers on the TSX and ASX.

Bob Moriarty: Gold is Safe Haven for Looming Crash

Given all the gold detractors that still appear to dispense their "can't eat Gold" wisdom in these forums, I'd say the bull market in the Midas metal has a ways to go. Well, guess what, you CAN eat gold (as many a Vietnamese or Cambodian refuge found out the hard way when they had to literally eat their entire wealth--I'm talking about gold jewelry--in order to hide it as they fled their countries in rickety boats launched into the ocean).